Fitch affirms NEPI Rockcastle

Fitch Ratings said it affirmed NEPI Rockcastle plc's long-term issuer default rating and senior unsecured rating at BBB with a stable outlook.

Fitch also affirmed the senior unsecured BBB rating of bonds issued by NE Property BV which are guaranteed by NEPI Rockcastle.

“The ratings reflect the group's large portfolio of regionally dominant shopping centres across central and eastern Europe (CEE) financed with low leverage,” the agency said in a news release.

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